Hello All –
My wife and I would like to retire in Lake Chapala in the coming year. I am in need of some information which, hopefully, one or more of you can shed some light on based on your experience. Apologies upfront for the lengthy post, but it may save some back and forth Q&A’s.
My question(s) are regarding the assets / monthly income requirements for legal immigration from the U.S. to Mexico, obtaining Residente Temporal, or, Residente Permanente status.
With this snapshot of our financial picture (my monthly retirement income: $1875 USD; spouse’s monthly retirement income: $1460 USD; approximately $118,000 USD in IRA savings; and, home sale profit ), my questions are:
1) Residente Permanente – from my research, I believe I may qualify (between monthly income and savings), but what is then the financial requirement for a dependent family member (i.e., my wife)?
2) Residente Temporal –
a] what would be the financial requirement for a dependent family member (i.e., my wife)?
b] what happens at the end of 4 years? Can we simply ‘renew’ for another 4 years? Or, at the end of 4 years, can we apply for Residente Permanente status without having to meet an increased monthly financial requirement?
c] what would be the monthly financial requirement for another dependent family member in addition to my wife (i.e. parent)?
3) Process – can my wife and I simultaneously begin the (above) immigration application process at a Mexican consulate here in the U.S., or, do I first need to complete the process and her follow once my application is approved?
Thank you in advance to all knowledgeable who may reply. I look forward to your insights.
Bruce
My wife and I would like to retire in Lake Chapala in the coming year. I am in need of some information which, hopefully, one or more of you can shed some light on based on your experience. Apologies upfront for the lengthy post, but it may save some back and forth Q&A’s.
My question(s) are regarding the assets / monthly income requirements for legal immigration from the U.S. to Mexico, obtaining Residente Temporal, or, Residente Permanente status.
With this snapshot of our financial picture (my monthly retirement income: $1875 USD; spouse’s monthly retirement income: $1460 USD; approximately $118,000 USD in IRA savings; and, home sale profit ), my questions are:
1) Residente Permanente – from my research, I believe I may qualify (between monthly income and savings), but what is then the financial requirement for a dependent family member (i.e., my wife)?
2) Residente Temporal –
a] what would be the financial requirement for a dependent family member (i.e., my wife)?
b] what happens at the end of 4 years? Can we simply ‘renew’ for another 4 years? Or, at the end of 4 years, can we apply for Residente Permanente status without having to meet an increased monthly financial requirement?
c] what would be the monthly financial requirement for another dependent family member in addition to my wife (i.e. parent)?
3) Process – can my wife and I simultaneously begin the (above) immigration application process at a Mexican consulate here in the U.S., or, do I first need to complete the process and her follow once my application is approved?
Thank you in advance to all knowledgeable who may reply. I look forward to your insights.
Bruce
